Parkin Co (DFM:PARKIN) Interest Expense : د.إ-11.4 Mil (TTM As of Mar. 2024)

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What is Parkin Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Parkin Co's interest expense for the three months ended in Mar. 2024 was د.إ -11.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was د.إ-11.4 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Parkin Co's Operating Income for the three months ended in Mar. 2024 was د.إ 139.4 Mil. Parkin Co's Interest Expense for the three months ended in Mar. 2024 was د.إ -11.4 Mil. Parkin Co's Interest Coverage for the quarter that ended in Mar. 2024 was 12.28. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Parkin Co Interest Expense Historical Data

The historical data trend for Parkin Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Parkin Co Interest Expense Chart

Parkin Co Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-0.39

-0.32

-66.86

Parkin Co Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Interest Expense	-	-	-0.34	-	-11.35

Parkin Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-11.4 Mil.

Parkin Co (DFM:PARKIN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Parkin Co's Interest Expense for the three months ended in Mar. 2024 was د.إ-11.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was د.إ139.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was د.إ1,126.6 Mil.

Parkin Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	139.398	/	-11.35
	=	12.28

The higher the ratio, the stronger the company's financial strength is.

Parkin Co (DFM:PARKIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE

Website

https://www.parkin.ae

Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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